We Do not Take Political Sides

NO MORE Mortgage does not take political sides, but as the following article from the Wall Street Journal reports, the President may be about to encounter more resistance than he had planned from members of his own party who are pushing back against the rapid pace of change that the President has been following.

The worry for the economy, and for clients of NO MORE Mortgage is that tax increases could delay the economic recovery, and the cap and trade bill could send more jobs overseas, as companies move jobs into countries where the tough laws on emissions are not in place.

NO MORE Mortgage continues to believe that strong financial discipline, which is the only way for families to get out of debt, is a good prescription for the government as well. While we understand that a public safety net is in the best interest of all citizens, the huge expansion of the public purse should be of concern to us all, especially as it creates unsustainable debt which mortgages the future of the nation, just as it would in a family budget. NO MORE Mortgage was founded to stem the rising tide of CONSUMER debt, but we see many parallels with the FEDERAL debt, and encourage all our readers to follow the old-time advice which is to live within their means, and put a little away for a rainy day..

For the rest of the story visit The Wall Street Journal.

NO MORE MORTGAGE

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1. NO MORE Mortgage and the Federal Government